Chinese Dairy Looks to Buy Stonyfield Farms

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Chinese Dairy Looks to Buy Stonyfield Farms

05/16/2017

Yili Industrial Group Co., the largest dairy in China, is interested in buying Stonyfield Farm from DanoneWave, which must divest the yogurt maker as part of the Danone/WhiteWave merger.

The Chinese company has bid about $850 million for the number one organic yogurt maker in the United States; the bid is larger than was expected for a company with $50 million in earnings and revenue of $370 million in 2016, according to reports.

Dean Foods also in the auction to buy Stonyfield, a reversal for the company which spun off its WhiteWave business in 2013.